Jump to content

Renting out property is furnished or unfurnished the norm?


Recommended Posts

Hi All,

 

We finally took the plunge and purchased a property in Cebu City this month

 

A new 2 storey, 3 bedroom, 2 bathroom (136m2) townhouse in Condo development

in Guadalupe, which we plan to rent out for a few years before we relocate

ourselves to Cebu for retirement.

 

Its already RFO and turnover/handover is scheduled for mid January 2014, so

I am now looking at organising to get it tenanted from end Jan/early Feb..

 

Which leads me to my first question; is it typical in Cebu to rent a property out

furnished or unfurnished? My preference would be unfurnished but I am not sure

what the expectations of typical tenants would be. Second question is that would

unfurnished typically require me to provide things like the airconditioning units, light

fittings and curtains/blinds etc?

 

I am guessing that much will depend on actual tenant, but I would like to get a feel

for typical practice before I start advertising for rent.

 

Would appreciate any advice from those familiar with the Cebu property rental market.

 

Oh and if anyone is interested in renting the unit (1 year+), please PM me for details  :thumbsup: 

 

Thanks...

 

BB

 

Link to post
Share on other sites

The less you put in, the less that can go wrong, or that can generate complaints, so my opinion would be leave them totally bare. Also empty means renting it for less which means more people can afford it but there will always be those who wish to rent furnished as well, so there is probably no correct answer, just a matter of how much bs you wish to put up with. 

  • Like 1
Link to post
Share on other sites
Brucewayne

If it is furnished, everything that isn't nailed down will usually go missing and if it doesn't go missing, it is usually destroyed.

This could be done by renters or burglars, no bias intended.

  • Like 1
Link to post
Share on other sites
dc3driver

If I was renting it out, it would be unfurnished for the reasons given. I have several rental properties in the USA, apartments & houses,& all are  rented unfurnished.

Link to post
Share on other sites

I am renting already many years here in cebu.

I always look for not funrnished becource i like to bring my one thinks

I will not feel happy with stuff that other people already use before me, and also how iis your taste?

Maby you like modern and the renter old fashion, it' diffelcult to find good balance.

 

In my opine better to rent out without, no headeck also for you.

Link to post
Share on other sites

Thanks guys, your opinions largely confirm my own thinking.

 

So there are two wall holes for window type airconditioner units.

If rented unfurnished, should I put 2 aircon units in or also leave

that to the prospective tenant?

 

Cheers

 

BB

Link to post
Share on other sites
CardiacKid

The first place I rented in Cebu had previously been rented to a Filipino family. They moved out in the middle of the night owing 2 months rent. They also took the doors complete with hinges, the sink and shower head from the CR, and the kitchen sink and faucet. Light fixtures, and curtain rods. Not saying this will happen to you, but it is something to keep in mind if you plan to rent furnished. I would definitely not install A/C units. 

  • Like 1
Link to post
Share on other sites
mactanfamily

The only reason you rent furnished is if you already have all the junk in the place.

 

People are more likely to stay longer if they have their own stuff in it as well. Dont forget that Cebu is all about the bottom dollar price as well. You will NOT get more for a furnished place. Thats a pretty big condo. Be prepared for it to be trashed when you want to move in, no matter who rented it.

Link to post
Share on other sites

If you live locally it helps to keep an eye on your investment.

 

Renting it unfurnished would also mean no aircons only provisions on walls. I have seen many places where holes been too small for a/c units and tenants just hack a larger hole to fit theirs in.    :frantic: = landlord.

Mostly also, no oven or cooktops. Gas. Hot water heaters in showers.

 

I`m looking for one currently to rent for myself.  We have viewed few. There are quite number available furnished and unfurnished with various amounts of inclusions.  

Link to post
Share on other sites
  • Triple Diamond Sponsor
Monsoon

funny how different Cebu can be vs NCR. An upscale place here gets at minimum stove, ref, aircons and usually beds.

 

I prefer unfurnished because its always junk.

 

Of course I furnished my condo with all high end stuff. Not a smart thing to do. I check on it regularly though and made sure the tenant was told that Im quite capable to arrange a proper good clusterfeck in his life in the Philippines.

 

Sent from my GT-I9505 using Tapatalk

 

 

Link to post
Share on other sites
Skywalker

I rented my condo, furnished, because I don't have my own furniture.  And that is the market that I needed at the time.  Nothing has been trashed, and all that will need doing when I leave next spring will be a repaint (due to earthquake cracks).

 

If you want a foreign tenant, you will probably need to furnish it, even sparsely.

 

Remember this though, if you have a problem tenant, you will not be in Country to deal with it.

Link to post
Share on other sites
Jim Sibbick

My thoughts, generally speaking.

 

Short time renters, say 6 months or less, want furnished. Long time renters want there own stuff. 

  • Like 1
Link to post
Share on other sites
Brucewayne

Thanks guys, your opinions largely confirm my own thinking.

 

So there are two wall holes for window type airconditioner units.

If rented unfurnished, should I put 2 aircon units in or also leave

that to the prospective tenant?

 

Cheers

 

BB

 

You won't have them as they are easy to sell when someone needs money fast.

Link to post
Share on other sites
charlest27

Do not put A/C units in at all they will be stole and sold quickly for sure. Keep in mind price point is everything , In the U.S it location location location, here in Cebu it is price point price point price point for the pinoy. Short term like the Richmond hotel is 32 k a month everything is included with the price To buy a condo for rent and be out of the country i foresee problems from the get go. Best of luck to you. I wish you the best .

Link to post
Share on other sites
Guest
This topic is now closed to further replies.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use, Privacy Policy and Guidelines. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..